Irrevocable Trust

Definition

An irrevocable trust is a trust that generally cannot be amended or revoked by the settlor once established. This provides stronger asset protection and may offer tax advantages, but removes the settlor's direct control over the assets.

Context

This term is commonly used in the context of trust administration in Switzerland. Understanding this concept is essential for international families, entrepreneurs and legal professionals considering or managing trust structures administered from Switzerland.

Related terms

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